Report Code: A09511 | Pages: NA | Mar 2023 | 2084 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Valve Controller Market
Request Now !A valve controller is used to keep the regulated process variable as close as possible to the desired set point and also for manipulating the flow of gases, fluids, water, steam and others to compensate for the load disturbance. They help in improving the overall performance of the process by enhancing productivity and reliability and thus are the most important part of any process control loop.
Therefore, they find their applications in the industries such as food and beverage, water and waste water treatment, oil and gas, energy and power, pharmaceutical and healthcare, metals and mining, pulp and paper, building and construction and others. Innovations in the electronic systems industry will pave the way for better valve controllers. The global market is experiencing a significant growth, and will grow considerably in next few years.
The global valve controller market is segmented on the basis of type, communication protocol, material, end user, and region. Based on type, the valve controller market is bifurcated into digital and traditional. In terms of communication protocol, the market is categorized into FOUNDATION Fieldbus, HART, PROFIBUS, and others. On the basis of material, the market is divided into cast iron, stainless steel, cryogenic, alloy based, and others.
In terms of end user, the market is segregated into food & beverages, water & waste water treatment, oil & gas, energy & power, pharmaceutical & healthcare, metals & mining, pulp & paper, building & construction, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
Key players operating in the global valve controller industry include CIRCOR International, Emerson, ABB, CLA-VAL, Schneider Electric, SMC Corporation, Dymax Corporation, Samson Controls, Tokyo Keiki, Siemens and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers and acquisitions, and joint ventures to strengthen their foothold in the global market.
The major factors which drive the valve controller market growth are the increasing demand from the end user industries such as oil and gas, energy and power and water and waste water treatment industries.
The need for valve replacement and the adoption of smart valves due to the introduction of IIoT and Industry 4.0 are the other factors fueling the market growth. However, increase in collaborations by major industry players may hinder the market growth. Moreover, increasing need for power and energy across the globe and high-temperature, high pressure and adverse corrosion conditions faced by refineries and production plants will drive the market further.
A new MSV-100 valve controller was launched by DFT Inc. recently. It has a straight –through Venturi design that provides rugged reliability and can handle high pressure drops which is beneficial for use in medium services liquid, gas, and steam flanged applications. It is available in various sizes ranging from 1” to 4” and in alloy steel, carbon steel and stainless steel. This product minimizes downtime, maintenance and ownership costs. Thus, this new product flourished the market.
Chemical industry has to deal with molten slurry, abrasive silica, corrosive attacks, liquefied wax, and fugitive emissions. Thus there is a need for usage of valve controllers in this industry for improving the performance of processes and ensuring staff safety and process integrity. It also helps in enhancing profitability by improving the volume and rate at which the plant can produce products. These are used in plant on a large scale s to improve its safety, support valves in accurate positioning and improve performance. Thus, there is surge in the demand and usage of Valve controllers in chemical industry.
Key Benefits of the Report
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value (USD) |
Segments Covered | Type, Communication Protocol, Material, End User, and Region |
Regions Covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, and Middle East, and Africa) |
Companies Covered | CIRCOR International, Emerson, ABB, CLA-VAL, Schneider Electric, SMC Corporation, Dymax Corporation, Samson Controls, Tokyo Keiki, Siemens and Others |
COVID-19 Scenario Analysis
Valve Controller Market Key Segments
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Questions Answered in the Valve Controller Market Research Report
Valve Controller Market Report Highlights
Aspects | Details |
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By End-use Industry |
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Key Market Players | Emerson, Metso, CIRCOR, ABB, Schneider electric, Flowserve Corporation, SMC Corporation, Azbil,, Baker Hughes, Siemens |
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